SEP Acquisition (SEP Acquisition) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is SEP Acquisition Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. SEP Acquisition's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.07.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, SEP Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for SEP Acquisition's Cash-to-Debt or its related term are showing as below:

SEPA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 1.4 Max: No Debt
Current: 0.07

During the past 3 years, SEP Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 1.40.

SEPA's Cash-to-Debt is ranked worse than
93.89% of 540 companies
in the Diversified Financial Services industry
Industry Median: 5.48 vs SEPA: 0.07

SEP Acquisition Cash-to-Debt Historical Data

The historical data trend for SEP Acquisition's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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SEP Acquisition Cash-to-Debt Chart

SEP Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

1.40

0.02

SEP Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								1.13	0.88	0.71	0.02	0.07

Competitive Comparison of SEP Acquisition's Cash-to-Debt

For the Shell Companies subindustry, SEP Acquisition's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SEP Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SEP Acquisition's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where SEP Acquisition's Cash-to-Debt falls into.

SEP Acquisition Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

SEP Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.017	/	(0.948	+	0)
	=	0.02

SEP Acquisition's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.122	/	(1.653	+	0)
	=	0.07

SEP Acquisition (NAS:SEPA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

SEP Acquisition Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of SEP Acquisition's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

SEP Acquisition (SEP Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SEP Acquisition Corp (NAS:SEPA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3737 Buffalo Speedway, Suite 1750, Houston, TX, USA, 77098

Website

https://www.seplp.com

SEP Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Marshall Blair Garrou	director, 10 percent owner	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
David L. Magdol	director	1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Mia Mends	director	5254 BIRDWOOD ROAD, HOUSTON TX 77096
Jay Gardner	director	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Mercury Sponsor Group I Llc	10 percent owner	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Robert Andrew White	director, 10 percent owner, officer: President and CEO	3737 BUFFALO SPEEDWAY, HOUSTON TX 77098
Winston Gilpin	officer: CFO and Secretary	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Carolyn Rodz	director	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Christine Cardenas	officer: VP and Chief Strategy Officer	3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098

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